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Canada Post Gets the Message: Things Have Changed

Another symptom of society’s inequality. This is something else I’ll have to research because I really don’t know but I wonder if small companies can afford pension plans for their employees or is it just larger ones? Selling public assets is also another example of pandering to profits and ignoring the needs of Canadians. Click here to read the full article or an excerpt below.

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Incidentally, defined benefit pension plans are not a dying breed. Though the majority of Canadian workers do not have a workplace pension plan, of those who do almost 75 per cent have a defined benefit pension plan.

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A precarious economy and uncertain job market have resulted in tremendous public concern for the next generation. By resoundingly rejecting Canada Post’s insistence that future hires should have a less secure retirement than current workers, CUPW has made intergenerational solidarity a priority at a time when young workers are being told they may have to lower their standards, work for less (or even for nothing), somehow pay off any student debts and — if there’s any money left over — save for an uncertain future where retirement is an increasingly elusive prospect.

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Media outlets are now more consistently reporting the fact that Canada Post is a profitable Crown corporation. In fact, over the past two decades the corporation has only failed to show a profit twice, in years when there were work stoppages.

Canada Post is not taxpayer-supported. It’s taxpayer-supporting. The volume of letter mail may be down, but there are more clients than ever before and e-commerce has resulted in record-setting profits for package delivery.

Rather than crying poor and cutting services, Canada Post could follow the suggestion of its own (heavily redacted) report and reinstate postal banking — a “win-win strategy,” according to an internal corporation report, and a welcome alternative to cheque-cashing businesses and payday lenders thatprey on low income communities.

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Retirement security, community enhancement, pay equity, intergenerational support and the protection of our rights — including the right for unions to bargain freely — aren’t just important for CUPW and its members, they’re resonating with the broader public.

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Given the current political climate and public sentiment, Canada Post’s management needs a serious reality check.